Full Text: Report on central, local budgets

13) The appropriation for spending on commerce and services is 85.258 billion yuan, an increase of 23.455 billion yuan or 38%. This is mainly due to the increase in subsidies for further expanding consumer spending. This figure consists of 20.192 billion yuan of central government spending and 65.066 billion yuan of transfer payments to local governments. We have appropriated 15.2 billion yuan in subsidies for purchases of home appliances by rural residents, which will be extended to employees of state-owned farms and tree farms. We have appropriated 13.5 billion yuan to continue implementing the policy to sell more motor vehicles including motorbikes in the countryside. We have appropriated 10.3 billion yuan to implement the policy of getting people to trade-in old home appliances and motor vehicles for new ones. We have appropriated 13.457 billion yuan to subsidize state reserves of cotton and meat. We have also appropriated 8.1 billion yuan to build a new rural modern logistics network and support the development of the logistics services industry.

14) The appropriation for spending on post-Wenchuan earthquake recovery and reconstruction is 78.001 billion yuan. This figure consists of 4.293 billion yuan of central government spending and 73.708 billion yuan of transfer payments to local governments. In addition, 2 billion yuan from the budget for the central government's state capital operations, 10 billion yuan from vehicle sales tax revenue, 5.442 billion yuan from the state lottery fund, and 2 billion yuan from the central government's portion of land-use fees for land newly designated for development will be used for recovery and reconstruction work in the earthquake area. All this adds up to 97.443 billion yuan in central government funds for post-Wenchuan earthquake recovery and reconstruction, which will be used for infrastructure construction, industrial rebuilding, improving the ecosystem, and disaster preparation and mitigation. This figure, together with the 74 billion yuan appropriated in 2008 and the 130.451 billion yuan appropriated in 2009, adds up to 301.894 billion yuan, meeting the target set for the central government's financial support for post-Wenchuan earthquake recovery and reconstruction.

15) The appropriation for national defense spending is 519.082 billion yuan, an increase of 36.097 billion yuan or 7.5%. This figure consists of 518.577 billion yuan of central government spending and 505 million yuan of transfer payments to local governments. These funds will be used mainly to modernize the army.

16) The appropriation for public security spending is 139.069 billion yuan, an increase of 10.324 billion yuan or 8%. This figure consists of 81.674 billion yuan of central government spending and 57.395 billion yuan of transfer payments to local governments. We will continue to deepen reform of the funding system for procuratorial, judicial, and public security departments. We will assist in providing security for large-scale events such as the Shanghai World Expo and intensify development of our disaster preparedness, mitigation and emergency response system.

17) The appropriation for general public service spending is 101.495 billion yuan, a decrease of 6.73 billion yuan. The main reason for this decrease is that surplus funds from the 2009 appropriation for implementing a performance-based salary system in institutions will be carried over to 2010 and no new appropriation will be made for 2010. In addition, we will continue to cut ordinary expenditures for official visits overseas. This figure consists of 85.72 billion yuan of central government spending and 15.775 billion yuan of transfer payments to local governments.

18) The appropriation for interest on government bonds is 153.516 billion yuan, an increase of 21.446 billion yuan or 16.2%.